SCBTC - Short Term (1h) Possible bounce here to 44-50 to retest high. Completion of bull flag too, this trendline is very strong Entry: 33-34 sats Target: 44-50 satoshi Stop: 31 satoshis
Please note this could go as high as 60 but I will wait for another trade setup.
Trade active
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Just giving an update that I haven't sold. It did not break 31
Trade closed manually
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Unsure of where SIA goes at this point, maybe buy if the flag breaks up but BTC is interfering with alts currently
Comment
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Still in my trade, haven't sold. SC may go bullish soon if it breaks the channel otherwise GG!
@Zetax12, Not yet. We hopefully we see teh channel break
TrendlineNoob
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retraced 30+% already...
deuseus
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@Dooov, It can go lower
Kiwicam007
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Update?
deuseus
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@Kiwicam007 there’s always a chance it could break support. I’m no magician but i think its a coin toss at this point. Minimise your risk always
GuidoM84
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@deuseus, I'm leaning more towards the bullish camp. Plenty of weekly support here. The 50 EMA, technical support in the form of a (potential) ceiling test of the February high, and above that it all forms around the round number of 30. If BTC doesn't pull some weird stunt this thing could be bound for a bounce.
Thank you.